ETF Fund DATA

FUND NAME:

American Conservative Values ETF

TICKER:

ACVF

LAUNCH DATE:

10/29/2020

MANAGEMENT STYLE:

Active

CUSIP:

26923N108

TOTAL GROSS EXPENSE RATIO:

0.75

ASSET CLASS:

Equity

EXCHANGE:

NYSE Arca, Inc.

ADVISOR:

Ridgeline Research LLC

IPOV TICKER SYMBOL*:

ACVF.IV

AS OF DATE:

12/5/2024

NAV ($)**

45.89

MARKET PRICE ($)***

45.90

PREMIUM / DISCOUNT (%)

0.03%

30 DAY MEDIAN BID/ASK SPREAD****

0.11%

SHARES OUTSTANDING

2,550,000

TOTAL NET ASSETS

$117,015,165

*IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.
**“Net asset value” or “NAV” is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
***Market Price is defined as the official closing price of the ETF share.
****30-Day Median Bid/Ask Percentage Spread Calculation: Based on Rule 6c-11(c)(1)(v), to calculate the median bid-ask spread the fund, (i) identifies the ETF’s NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) divides the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identify the median of those values.

PREMIUM/DISCOUNT

NUMBER OF DAYS AT

Cal. Year 2023

First QTR. 2024

Second QTR. 2024

Third QTR. 2024

PREMIUM*

170
48
45
31

DISCOUNT**

80
13
18
33

TOTAL

250
61
63
64

PREMIUM*

Cal. Year 2022

1 QTR 2023

2 QTR 2023

3 QTR 2023

170
48
45
31

DISCOUNT*

Cal. Year 2022

1 QTR 2023

2 QTR 2023

3 QTR 2023

80
13
18
33

TOTAL

Cal. Year 2022

1 QTR 2023

2 QTR 2023

3 QTR 2023

250
61
63
64

*Premium – The number of trading days the ETF’s closing price exceeds its NAV.
**Discount – The number of trading days the ETF’s closing price is below its NAV.

PERFORMANCE

(as of SEPTEMBER 30th, 2024)

QTD

6 MTH

YTD

1 YR

2 YR*

3 YR*

INCEPTION (1)*

ACVF–Market Close

5.93%
8.17%
20.19%
33.12%
28.17%
11.82%
17.21%

ACVF-NAV

6.01%
8.38%
20.14%
33.14%
28.24%
11.90%
17.22%

S&P 500 Index

5.89%
10.42%
22.08%
36.35%
28.73%
11.90%
17.31%

RUSSELL 1000 Index

6.08%
9.87%
21.18%
35.68%
28.23%
10.83%
16.54%

ACVF – Market (Close)(1)

QTD

YTD

1 Yr

INCEPTION Annualized (1)

5.93%
20.19%
33.12%
17.21%

ACVF–NAV

QTD

YTD

1 YR

INCEPTION Annualized(1)

6.01%
20.14%
33.14%
17.22%

S&P 500 Index

QTD

YTD

1 YR

INCEPTION Annualized(1)

5.89%
22.08%
36.35%
17.31%

(1) Since Inception Returns are annualized and calculated using 10/28/20 NAV and Index Values. *Performance returns for periods greater than one year are annualized. 

Performance is shown net of fees. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (888) 909-6030.

GROWTH of $10K vs comparable ETFS (2)

(as of SEPTEMBER 30th, 2024)

(2) Indexes are un-investable, due to the absence of fees. This comparison uses two widely used large-cap blend ETFs which track the benchmarks used in the performance table. The SPDR® S&P 500® ETF Trust seeks to provide investment results that, correspond generally to the price and yield performance of the S&P 500® Index. The iShares Russell 1000 ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities.

PORTFOLIO HOLDINGS